Trading indicator
Detrended Price OscillatorBacktest results
| Position | Trades | Duration | Win rate | Win/loss | Avg win | Avg loss | Return |
| Long | 10 | 4.5 | 20% | 25% | 1.6% | -0.8% | -3.4% |
|---|---|---|---|---|---|---|---|
| Short | 5 | 4.2 | 40% | 67% | 1.9% | -3.2% | -5.9% |
Trading Performance
Detrended Price Oscillator
Score
0.05
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 8 | 45.1 | 0.38% | 0.60% | 8.8% | -5.5% | -0.8% |
| SHORT | 7 | 50.1 | 0.14% | 0.17% | 40.4% | -5.6% | 6.8% |
Summary
Technical Analysis
Western Areas (WSA.AX)
Indicator:
DETREND PRICE OSCILLARTOR
Last Signal:
BULLISH
Trading: BUY @ $2.44
Signal Strength: STRONG
Recommendation:
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Western Areas (ASX:WSA) currently has a confirmed uptrend. Price is currently above the displaced moving average for WSA Currently, the return on DPO20 is 3.0%.
The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.
Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;
PROFILE: Western Areas (WSA.AX)
Stock Exchange: ASX
Company: Western Areas
Ticker Codes: | WSA.AX | ASX:WSA |
Western Areas Limited engages in the mining, processing, and sale of nickel sulphide concentrates. The company develops high grade nickel mines; and explores for nickel sulphides and other base metals in Australia, Canada, and Finland. Its flagship property is the Forrestania project located in Australia. The company was founded in 1999 and is headquartered in West Perth, Australia.
Top 10:
Detrended Price Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| MLX Metals X | 0.25 | 6.4 | 2,769,031 | 0.05 | BULLISH CROSSOVER |
| AQG Alacer Gold Corp | 5.42 | 6.3 | 936,317 | 0.17 | BULLISH CROSSOVER |
| SAR Saracen Mineral | 4.15 | 3 | 9,476,421 | 0.11 | BULLISH CROSSOVER |
| IMD Imdex | 1.26 | 2.9 | 1,911,534 | 0 | BULLISH CROSSOVER |
| MFG Magellan Financial | 58 | 2.6 | 747,433 | 0.09 | BULLISH CROSSOVER |
| MYX Myx | 0.5 | 2 | 4,211,995 | 0.01 | BULLISH CROSSOVER |
| PAI Platinum Asia Investments | 1.05 | 1.5 | 76,553 | 0.03 | BULLISH CROSSOVER |
| VCX Vicinity Centres | 2.6 | 0.8 | 6,197,228 | 0 | BULLISH CROSSOVER |
| ONT 1300 Smiles | 6.3 | 0.5 | 1,036 | 0.01 | BULLISH CROSSOVER |
| CII Ci Resources | 1.42 | 0 | 0 | 0.01 | BULLISH CROSSOVER |